CALGARY — The Alberta government is granting a 20-year contract to supply about half of its electric power needs to a partnership that plans to build three new solar power plants for more than $100 million. Environment and Parks Minister Shannon Phillips says the contract to supply about 55 per cent of the government’s annual power consumption will shave $3.9 million per... Read More

Canopy Growth Corp. expects to have CBD products in the U.S. where permissible as early as the fourth-quarter, but says the related hemp-production facilities it has in the works can easily switch to cannabis if and when it becomes federally legal south of the border. Co-chief executive Bruce Linton said the licensed cannabis producer is “on track” to have products with hemp-derived CBD, or cannabidiol, south of the... Read More

CALGARY — Enbridge Inc. is confident that its Line 3 oil pipeline replacement project will come into service by the end of the year in spite of a renewed challenge launched this week by the newly elected governor of Minnesota. On Tuesday, Gov. Tim Walz announced that his commerce department would petition the state Public Utility Commission to reconsider its approval... Read More

TORONTO — Ontario’s energy minister is asking Hydro One to come up with a revised executive compensation framework that slashes proposed CEO pay, warning that the government is not going to negotiate on the issue. The partially privatized utility submitted a framework last week that sets maximum CEO compensation at nearly $2.8 million. But the Progressive Conservative government has said... Read More

SMITHS FALLS, Ont. — Canopy Growth Corp. says it generated $97.7 million of revenue in the three months ended Dec. 31, including its first sales of non-medical cannabis products, up from $21.7 million in the previous year’s fiscal third quarter. The Ontario-based company — one of Canada’s largest cannabis producers — recorded a loss from operations for the quarter, but turned a... Read More

TORONTO — Sidewalk Labs is plotting to expand its proposal for a high-tech Toronto community by funding transit and underground infrastructure and trying to snatch up a portion of development fees and property taxes typically funnelled towards the city. The Alphabet Inc.-backed company looking to develop a swath of the Port Lands known as Quayside in partnership with Waterfront Toronto revealed late... Read More

NEW YORK — Amazon jilted New York City on Valentine’s Day, scrapping plans to build a massive headquarters campus in Queens amid fierce opposition from politicians angry about nearly $3 billion in tax breaks and the company’s anti-union stance. With millions of jobs and a bustling economy, New York can withstand the blow, but experts say the decision by the... Read More

TORONTO — Cineplex Inc. says it had $27.2 million of net income in the fourth quarter, down from $28.8 million a year earlier, as attendance at its theatres declined. The Toronto-based entertainment company says the profit amounted to 43 cents per share, down from 45 cents per diluted share in fourth quarter of 2017. On an adjusted basis, Cineplex profit... Read More

OTTAWA — The Canadian Real Estate Association says last month was the weakest January for residential sales since 2015, with the number of transactions down four per cent nationally from last year. The association says about 23,968 properties were sold through the Multiple Listing Service in January, down from 24,977 a year earlier. CREA says the national average price for all types... Read More